NOLA Real Estate Market Reports

New Orleans Real Estate Trends | Algiers Home Prices

Average Home Sale Prices in Algiers | New Orleans, LA

Algiers saw a pretty significant increase in average sales prices in 2014, rising by almost 15% from 2013. This is good news for home sellers who bought post-Katrina and have been upside down on their mortgages.

Average home prices in Algiers | New Orleans Real Estate

Data provided by GSREIN

English Turn and Lower Coast Home Sale Prices

The news is not as good for English Turn and the Lower Coast of Algiers. Average sale prices dropped by almost 7% from 2013 to 2014.

Average home prices in English Turn and Lower Coast, New Orleans LA

Data provided by GSREIN

Projections for 2015

Given the rise in average prices on the East Bank, I expect that demand will grow for the more affordable real estate on the West Bank, including Algiers. While my crystal ball is broken, I project that we will see another 10% or so in increased average prices for homes in excellent condition.

WHAT’S YOUR HOME WORTH?

 

2014 West Bank Real Estate Market

West Bank New Orleans homes sold 2014

New Orleans West Bank Real Estate Trends Neighborhoods included: Algiers, Belle Chasse, Gretna, Terrytown, Harvey, Marrero and Westwego Over the last couple of years, the West Bank has seen a turn around from the drops in sales and prices we saw after the post-Katrina market went crazy. Here are the combined number of properties sold and…

Walnut Bend | New Orleans West Bank Real Estate

Walnut Bend subdivision sign | Algiers, New Orleans LA

Walnut Bend Home Sales and Prices After a recovery of sorts in 2012 and 2013, prices are down significantly in Walnut Bend this year. As of the end of November 2014, the median sales price in the West Bank neighborhood stands at $90,300. This is just slightly above the 10 year low of $90,000 in 2011….

Timberlane Estates Home Sales | Gretna LA Real Estate Report

Timberlane Estates, Gretna LA

Timberlane Home Sales, Gretna LA Average home prices continue to rise in Timberlane Estates, one of the premier West Bank neighborhoods in Gretna. From October 2013 to October 2014, the average home price in Timberlane rose from $318,063 to $374,600, an increase of almost 18%. While the high sales price this year is significantly below…

What’s Your Hillcrest Home Worth? Marrero LA Real Estate

Hillcrest Subdivision, Marrero LA

Hillcrest Home Sales, Marrero LA What’s been happening in the Hillcrest subdivision in Marrero? Here’s a quick recap of home sales and trends in the real estate market. Average prices:  Down 19% from 2013 Days on market: 125 average days to sell in 2014 Price per square foot: Average of $85 in 2014 (down from…

Village Green Home Sales | Harvey LA Neighborhood Real Estate Market Report

Entrance to Village Green subdivision in Harvey LA

Village Green Real Estate | Harvey LA It’s been up and down for Village Green home values over the last couple of years, but overall activity in the West Bank neighborhood continues to rise, ending October 2014 with a total of 11 sales so far this year, with homes selling in an average of 60 days….

Springwood Estates Home Sales | Belle Chasse LA Real Estate Report

Springwood Estates home sales Oct 2014

Springwood Estates Neighborhood Real Estate Report While we’ve been seeing an increase in construction activity in Springwood Estates, resale home prices have not been on the rise. After hitting an average sale price of $471,750 in October of 2013, that number dropped to $427,500 in October of 2014 (a 9% decrease). Not only have prices on…

Bocage Neighborhood Real Estate Report | New Orleans LA

Algiers neighborhood | Bocage | New Orleans LA

Bocage Real Estate Sales | October 2014 Number of homes sold as of October 31 # sold October 2014 = 7 # sold October 2013 = 13 Home sales in Bocage Average sold prices are down 6.4% from last year at the same time. Skewing the averages slightly for 2013 was a $214,000 sale, well above…

Bent Tree Estates | Marrero LA Neighborhood Real Estate Report

Bent Tree Estates, Marrero LA neighborhood

Homes Sold in Bent Tree Estates What’s happening in the Bent Tree Estates real estate market? In a nutshell, prices are up, sales are down and it’s taking longer to sell a home in this Marrero neighborhood. Let’s look at the details Average sold prices have risen by 2.23%. That small increase in prices is…

The Residence at Park Avenue | Harvey Real Estate Update

The Residence at Park Avenue, Harvey LA

We’ve been getting a lot of inquiries regarding the Residence at Park Avenue in Harvey. What’s happening with real estate prices in the Residence? As of 10/28/14, there are just 2 units available in this upscale, gated community on the West Bank of New Orleans, listed at $269,900 and $359,000. Home Sales in the Residence…

What’s Your Park Timbers Home Worth? | September 2014 Market Report

Entrance to Park Timbers in Algiers, New Orleans LA

Park Timbers in Algiers has historically been one of the most popular subdivisions, where custom built homes line the curving streets named for national parks. Home Sales in Park Timbers (as of 9/30/2014) As of the end of September, there have been 12 homes sold in Park Timbers, down 2 (14%) from the same time…

What’s Your Woodland West Home Worth? September 2014 Market Update

Woodland West subdivision, Harvey LA

Woodland West Home Sales Good news for home owners in Woodland West. After a slow 2013 (5 homes sold as of September 30th), this year has shown renewed buyer interest in the neighborhood, with 12 homes sold as of 9/30. This is a 140% increase in sales volume for the neighborhood. What about prices? Prices…

The 10 Most Expensive West Bank Homes

Luxury real estate on the West Bank of New Orleans

There’s more to the West Bank of New Orleans than just the ‘burbs. It’s also home to some spectacular luxury neighborhoods and properties. Here are this week’s 10 most expensive homes on the West Bank.     Looking for the right place on the West Bank to call home? We’ve got them all, right here. Thousands of…